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(Provisional Translation) | ||
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| □ Cabinet Office Establishment Law (Law No. 89 of 1999) (Excerpt) | ||
| (Establishment) | ||
| Article 40: | ||
| The Northern Territories Affairs Administration and the Meeting of the Financial System Management Council shall be established inside the Cabinet Office. | ||
| (Meeting of the Financial System Management Council) | ||
| Article 42: | ||
| The Meeting of the Financial System Management Council (hereinafter referred to as "the Council") shall administer the following work upon request from the Prime Minister: hold discussions on policies that address financial crises such as large-scale and chain-reaction bankruptcies of financial institutions, etc. and other important items, and based on such discussions, promote the implementation of measures of the administrative agencies concerned. | ||
| 2. | The Council shall be comprised of the members listed in the Items under Paragraph 4 and a Chair. | |
| 3. | The Prime Minister shall be assigned to the position of Chair. | |
| 4. | The following people shall be assigned as members: | |
| i. | Chief Cabinet Secretary | |
| ii. | The Minister of State in Article 11 (Note) | |
| iii. | Commissioner of the Financial Services Agency | |
| iv. | Minister of Finance | |
| v. | Governor of the Bank of Japan | |
| 5. | The Chair may require ministers concerned and heads of other agencies concerned to participate as members on an ad hoc basis when deemed necessary, regardless of the stipulations in Paragraph 2 and the preceding Paragraph if such assignments fall within the confines of the bill. | |
| 6. | Members listed in Items 3 and 5 of Paragraph 4 shall preside over their roles on a part-time basis. | |
| 7. | Necessary matters concerning the organization and operation of the Council and other councils other than those stipulated in Paragraph 2 through the preceding Paragraph shall be determined by cabinet order. | |
(Note) Minister of State for Financial Services | ||